Opinion: Will Obama Allow American Oil Exports?

This transcript has been automatically generated and may not be 100% accurate.

... I ... using these last days ... our energy secretary says it ... might be rethinking ... the ban on US oil exports here's what he said he and I quote ... those restrictions on experts were born as was the Department of energy in the strategic Petroleum Reserve ... on oil disruptions ... there a lots of issues in the energy space that deserves a new analysis in examination ... in the context of what is now an energy world ... and is no longer like the nineteen seventies I've got editorial page editor Paul GBO joining me now call ... I is this a surprise this time with the ministrations ... the expected snow I would say expected of them I wouldn't expect them to fund do all of the ... policies the seventies too much to hope for ... but ... but this is and is is it reducing coming from a cabinet member in this administration especially ... on and it just goes to show you the degree to which the domestic oil and gas boom ... that we've been experiencing the last half dozen years ... is remaking the politics of energy and good work out what you mean by that because I don't see this administration has ... not in any way sympathetic to big energy companies where is the pressure coming from well I think it's coming with oil companies are looking to ... be true that the question is should we remove the export ban ... we have such was not told likes with it because there are exceptions ... but since the seventies has been a ban on oil exports ... in the name of energy independence and keeping the resource here ... what's happening is they're so much production out domestically ... and tested be critically that when you go further in Texas and in the Williston Basin in North Dakota and Montana ... this to be high quality crude later crew ... that American refiners artist able to refine because they've been geared up for years have invested a lot of money ... in refining oil from Venezuela and Mexico which is heavier lower quality and so ... there's less incentive ... for the drillers the producers to take some of that great sweet crude out ... his ignored all and ... so they're this this mismatch is putting a lot of pressure on ... and they'd love to be an export that and and it's a good incentive to drill and of course if you drill more produce more that's jobs for America in all the attendant oil services so all you see the administration might embrace the idea of drilling more and more carbon fuels and to the ground well I think if you see it for from this president over the years he has adapted shall we say to the reality of domestic oil production ... and he's taken credit for ... even though he's almost had nothing to do he's had nothing to do with it and in some cases as ... but ... I think the reality is such that the economic benefits of such that they're basically saying you know what ... what's going to fall ... this is this is a lot of economic and other benefits United States ... and money is is recognizing reality he says he is something that the president continued by executive order I like the dealer or just comment I think it's gonna require some congressional action leases understand how it I'm I'm I'm not ... I'm an expert in this field but I believe it will require action in Congress ... okay ... well ... what a wonderful surprise senators missed ration let's hope they actually do it ... I editoral page and or Polish ago thank you very